A new bipartisan bill introduced in the U.S. House of Representatives aims to grant nonbank payment service providers access to Federal Reserve payment systems. The Payments Access and Consumer Efficiency (PACE) Act, sponsored by Representatives Sam Liccardo (D-CA) and Young…
src=”https://www.tbstat.com/cdn-cgi/image/f=avif,q=50/wp/uploads/2023/08/20230712_UK_CR_News-1200×675.jpg” alt=”UK stablecoin and tokenized deposits regulatory framework”> The United Kingdom’s Treasury has announced a comprehensive regulatory package aimed at unifying the oversight of payment services, stablecoins, and tokenized deposits into a singular framework. This initiative, unveiled during London’s Fintech…
US Senate Banking Committee Delays Crypto Legislation Markup A significant piece of legislation aimed at establishing a market structure for digital assets in the United States has encountered a procedural setback, with the Senate Banking Committee reportedly delaying a markup…
I Had Skin in This Game. So Did You (Maybe). Let me be upfront. I invested in the KelpDAO pre-sale. My tokens are still partly vested. And as of this weekend, I’m pretty confident that investment is worth close to…
Securities and Exchange Commission (SEC) Chair Paul Atkins has outlined a new strategic direction for the agency’s engagement with the digital asset sector, emphasizing a shift from punitive measures to a more constructive and clarifying approach. Under the initiative branded…
The Bank for International Settlements (BIS) has emphasized the critical need for a unified global regulatory approach to stablecoins, characterizing their current operational nature as more akin to investment products than traditional money. This stance comes as the stablecoin market…
Memecoin Deemed Not a Security in Recent Legal Ruling A recent judicial decision in California has determined that a memecoin associated with media personality Caitlyn Jenner does not qualify as a security. This ruling emerged from a class-action lawsuit filed…
The Crypto Council for Innovation (CCI) has expanded its influence by acquiring the Digital Energy Council, an entity dedicated to advocating for digital energy policy. This strategic move marks CCI’s first acquisition focused specifically on the intersection of digital assets…
U.S. Representative Sheri Biggs has disclosed a significant investment in BlackRock’s iShares Bitcoin Trust ETF, purchasing up to $250,000 worth of shares. This transaction is among the largest bitcoin-related trades publicly reported by a sitting member of Congress. The filing,…
Senator Richard Blumenthal has escalated scrutiny of Binance’s anti-money laundering (AML) compliance, directing inquiries to the U.S. Department of Justice (DOJ) and the Treasury Department. This action follows recent reports alleging that the cryptocurrency exchange facilitated billions of dollars in…